AM Castle & Co. Earnings: Here’s Why the Stock is Rising Now

AM Castle & Co. (NYSE:CAS) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.83%.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

AM Castle & Co. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.35 in the quarter versus EPS of $0.29 in the year-earlier quarter.

Revenue: Decreased 19.35% to $292.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: AM Castle & Co. reported adjusted EPS loss of $0.35 per share. By that measure, the company missed the mean analyst estimate of $-0.09. It beat the average revenue estimate of $289.07 million.

Quoting Management: “The markets were a bit softer than we had anticipated during the first quarter. Our key priorities are intently focused around our announced restructuring efforts. During the first quarter, our team made significant progress toward our goals to improve operating efficiency, improve customer satisfaction and reduce costs,” said Scott Dolan, president and CEO of A. M. Castle & Co.

Key Stats (on next page)…

Revenue increased 6.82% from $274.02 million in the previous quarter. EPS decreased to $-0.35 in the quarter versus EPS of $-0.24 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.17 to a profit $0.08. For the current year, the average estimate has moved down from a profit of $0.72 to a profit of $0.36 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]